ORES Ohio Real Estate Salesperson Examination - Set 4 - Part 2

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 21: Which of the following must appear in a licensee's advertisement that offers to perform a licensed act in Ohio?

The licensee's home address

The Superintendent's signature

The selling price of every listing

The registered name of the brokerage

Question 22: A salesperson posts listings on a social-media page that never names her brokerage. Which of the following violations has she committed?

A blind-ad violation

Commingling of funds

A net-listing violation

An unauthorized practice of law

Question 23: Which of the following is required when a group of salespersons advertises as a team within an Ohio brokerage?

The team may omit broker supervision

The team must register as a brokerage

Each member files a separate ad

The brokerage name must be included

Question 24: Regardless of whether a salesperson is an employee or an independent contractor, which of the following duties does the Ohio broker retain over the salesperson's licensed activity?

Supervision of licensed activity

Provision of health insurance

Payment of personal income taxes

Guarantee of a minimum salary

Question 25: A grateful seller hands a salesperson a cash bonus at closing, separate from the listed commission. Which of the following should the salesperson do under Ohio law?

Accept the cash directly as earned

Decline and direct it to the brokerage

Split the cash with the buyer

Report the seller to the Division

Question 26: Which of the following is prohibited because it pays a person who is not licensed for performing a licensed real estate act?

A referral fee to an unlicensed friend

Paying a salesperson through her broker

Paying a co-broke to a licensee

Paying staff an hourly clerical wage

Question 27: Which of the following correctly describes how real estate commissions are set in Ohio when a broker and a client agree on terms?

Fixed by the Ohio Real Estate Commission

Set by the local board's schedule

Negotiable between the parties

Capped by the Superintendent annually

Question 28: Which of the following must a licensee do when a party signs a listing agreement, offer, or other transaction document?

Mail a copy within thirty days

Keep the only copy at the office

File the document with the county

Provide a copy at signing

Question 29: Which of the following describes an Ohio broker's obligation regarding completed transaction files and trust-account records once a deal has closed?

Retain them for the rule period

Destroy them right after closing

Hand them to the buyer permanently

Store them only in paper form

Question 30: A buyer hands a salesperson an earnest-money check. Which of the following must the salesperson do with it under Ohio law?

Hold it personally until closing

Deposit it in her own account

Promptly deliver it to the broker

Endorse it over to the seller

Question 31: Which of the following describes the prohibited act of depositing a client's earnest money into the broker's operating account?

Subrogation

Steering

Novation

Commingling

Question 32: A broker uses a client's earnest money to pay the brokerage's rent. Which of the following best identifies this most serious trust-account violation?

Commingling

Conversion

A consent agreement

An inducement

Question 33: Which of the following describes the account an Ohio broker must use to hold earnest money, security deposits, and other money received in a fiduciary capacity?

The broker's personal savings account

The listing salesperson's checking account

A separate trust or special account

A shared account with the seller

Question 34: Which of the following best describes when an Ohio broker must deposit earnest money into the trust account after an offer is accepted?

Promptly, generally by the next business day

Only after the deal closes

Within thirty days of closing

Whenever the broker chooses

Question 35: A sale collapses and the buyer and seller both claim the earnest money. Which of the following best describes how the broker must handle the disputed funds?

Release them to the buyer immediately

Hold them until release, court, or agreement

Pay them to the seller on demand

Transfer them to the brokerage account

Question 36: Which of the following listing types entitles the broker to a commission no matter who procures the buyer during the listing term?

Open listing

Exclusive agency listing

Exclusive right-to-sell listing

Net listing

Question 37: Under which of the following listings does the seller owe no commission if the seller personally finds the buyer, yet owes one if any agent procures the buyer?

Option listing

Exclusive right-to-sell listing

Net listing

Exclusive agency listing

Question 38: Which of the following listing types is strongly disfavored because it lets the broker keep any sale proceeds above a seller's set amount, creating a conflict with fiduciary duty?

Open listing

Net listing

Exclusive right-to-sell listing

Exclusive agency listing

Question 39: Which of the following pairs correctly states what every Ohio listing agreement must contain and what it is prohibited from containing?

A net price; no commission terms

An automatic renewal; no expiration date

A definite expiration; no automatic renewal

A buyer's signature; no seller terms

Question 40: A listing agent receives a written offer well below the asking price and considers it insulting. Which of the following must the agent do?

Discard the offer as worthless

Forward the offer to the Division

Counter the offer without telling the seller

Present the offer to the seller promptly

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